Between 2013 and 2023, clothing production in Germany experienced several fluctuations. It peaked in 2014 with a year-on-year increase of 9.76%, but experienced significant declines in 2015, 2019, and most notably in 2020 with a 17.55% dip, correlating with the economic impact of the COVID-19 pandemic. By 2023, production stood at 6.68 Billion Euros, having slightly declined by 1.95% from the previous year. The 5-year CAGR for this period stands at -2.4%, indicating a gradual deceleration in production.
Going forward, production is forecasted to continue a mild downward trajectory, with a projected 5-year CAGR of -1.74%, leading to a forecasted production value of 5.99 Billion Euros by 2028. This cumulative decline reflects a gradual -8.4% decrease from 2023 to 2028.
Trends to watch for:
- Impact of sustainability and circular economy practices in clothing production.
- Potential shifts in consumer preferences towards domestic production.
- Technological advancements and automation in manufacturing processes.
- Economic policies and trade agreements affecting the textile sector.
